Group 1 - Rigetti Computing, Inc. (NASDAQ:RGTI) achieved an eighth-month high in share prices, closing up by 14.38% at $19.09, with intra-day trading reaching $20.13, just $1.29 below its 52-week peak of $21.42 [1] - The company announced a collaboration with the Centre for Development of Advanced Computing (C-DAC) in India to co-develop hybrid quantum computing systems aimed at supporting government laboratories and academic research in quantum computing [2] - CEO Subodh Kulkarni emphasized the potential of combining C-DAC's high-performance computing expertise with Rigetti's superconducting quantum computing systems to advance hybrid computing technology [3]

Core Viewpoint - Rigetti Computing has signed a Memorandum of Understanding (MOU) with the Centre for Development of Advanced Computing (C-DAC) to co-develop hybrid quantum computing systems aimed at enhancing India's capabilities in quantum computing research and development [1][2][4]. Group 1: Collaboration Details - The partnership aims to leverage C-DAC's expertise in high-performance computing and Rigetti's superconducting quantum computing systems to create advanced hybrid computing technologies [2][3]. - The collaboration will focus on the design and development of hybrid quantum computing systems, exploring use cases, application workflows, and workforce development activities [4][6]. Group 2: Technological Advancements - Rigetti's quantum processors, utilizing superconducting qubits, are noted for their speed and scalability, being over 1,000 times faster than other qubit types [5]. - Rigetti has demonstrated the industry's largest multi-chip quantum computer, Cepheus™-1-36Q, and is advancing towards a 100+ qubit chiplet-based system by the end of 2025 [5]. Group 3: Market Context - The quantum computing market is significantly supported by government initiatives, with global investments reaching $1.8 billion in 2024, accounting for 66% of total investments, and early 2025 investments already exceeding $10 billion [6]. - C-DAC is involved in several national projects in quantum technologies, including the development of quantum accelerators and a national quantum computing reference facility [11].